Pacific Capital Tax Free Fund Market Value
| PTFSX Fund | USD 9.69 0.01 0.10% |
| Symbol | Pacific |
Pacific Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Pacific Capital's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Pacific Capital.
| 12/03/2024 |
| 01/02/2025 |
If you would invest 0.00 in Pacific Capital on December 3, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Capital Tax Free or generate 0.0% return on investment in Pacific Capital over 30 days. Pacific Capital is related to or competes with Global Real, Pacific Capital, Rbc Ultra-short, Blackrock Smid-cap, Fidelity Contrafund, and Victory Rs. The fund normally invests at least 80 percent of its net assets in investment grade municipal obligations - debt securit... More
Pacific Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Pacific Capital's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Pacific Capital Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 0.9282 | |||
| Value At Risk | (0.31) | |||
| Potential Upside | 0.2064 |
Pacific Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Capital's standard deviation. In reality, there are many statistical measures that can use Pacific Capital historical prices to predict the future Pacific Capital's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (1.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacific Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pacific Capital Tax Backtested Returns
Pacific Capital Tax maintains Sharpe Ratio (i.e., Efficiency) of -0.11, which implies the entity had a -0.11% return per unit of risk over the last 3 months. Pacific Capital Tax exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pacific Capital's Coefficient Of Variation of (1,092), variance of 0.0284, and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The fund holds a Beta of 0.0231, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pacific Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacific Capital is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
Pacific Capital Tax Free has weak reverse predictability. Overlapping area represents the amount of predictability between Pacific Capital time series from 3rd of December 2024 to 18th of December 2024 and 18th of December 2024 to 2nd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pacific Capital Tax price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Pacific Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pacific Capital Tax lagged returns against current returns
Autocorrelation, which is Pacific Capital mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Pacific Capital's mutual fund expected returns. We can calculate the autocorrelation of Pacific Capital returns to help us make a trade decision. For example, suppose you find that Pacific Capital has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Pacific Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Pacific Capital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Capital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Capital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pacific Capital Lagged Returns
When evaluating Pacific Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Capital mutual fund have on its future price. Pacific Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Pacific Capital autocorrelation shows the relationship between Pacific Capital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pacific Capital Tax Free.
Regressed Prices |
| Timeline |
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Other Information on Investing in Pacific Mutual Fund
Pacific Capital financial ratios help investors to determine whether Pacific Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Pacific with respect to the benefits of owning Pacific Capital security.
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